Emirates NBD facilitates a term loan facility of AED 750 million for Dar Global.
Emirates NBD, one of the leading banks in the United Arab Emirates, has successfully facilitated a bilateral loan of AED 750 million for Dar Global, a UAE-based subsidiary of the London-listed international real estate company. The term loan, which spans a period of four years, comes with an attractive fixed margin over the Emirates Interbank Offered Rate (EIBOR).
The loan facility will provide Dar Global with the necessary capital to support its future asset acquisitions, general corporate needs, and working capital requirements. As the company continues to expand its international portfolio of luxury second home and leisure developments in desirable locations across Europe and the Middle East, the funds from this facility will play a vital role in fueling its growth.
Ziad El Chaar, CEO of Dar Global, expressed his satisfaction with the new facility, stating that it will provide the company with additional capital to accelerate its growth in key markets. With sustained demand for luxury properties from high net worth investors who are increasingly mobile and globally oriented, Dar Global aims to capitalize on this trend and further solidify its position in the real estate market.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, highlighted the bank’s commitment to supporting Dar Global’s business ambitions. The successful arrangement of this loan facility demonstrates Emirates NBD’s expertise in delivering comprehensive financial solutions and reinforces its reputation as a trusted partner in the rapidly evolving global markets.
The loan, priced at a competitive fixed margin over EIBOR, provides Dar Global with favorable terms that will enable the company to optimize its financial resources and pursue its strategic objectives effectively. The collaboration between Emirates NBD and Dar Global reflects a strong partnership built on mutual trust and shared aspirations for success.
As a prominent financial institution, Emirates NBD continues to play a significant role in facilitating the growth and development of businesses in the UAE and beyond. By offering tailored financial solutions and leveraging its extensive network and expertise, the bank remains committed to supporting the aspirations of its corporate clients and contributing to the overall economic progress of the region.
The successful arrangement of the AED 750 million bilateral loan for Dar Global underscores Emirates NBD’s ability to structure and deliver financial solutions that meet the unique needs of its clients. With a focus on comprehensive banking services and a customer-centric approach, Emirates NBD continues to strengthen its position as a leading player in the UAE’s banking sector and a trusted partner for businesses across various industries.
Emirates NBD’s commitment to supporting the growth and success of its clients extends beyond providing financial assistance. The bank actively engages with businesses, offering insights and guidance to help them navigate the dynamic and competitive landscape. Through its holistic approach to banking, Emirates NBD aims to foster long-term relationships and contribute to the sustainable development of the UAE’s economy.
As Dar Global continues to expand its international footprint and capitalize on the demand for luxury properties, the successful arrangement of this loan facility marks another milestone in the company’s growth journey. With the support of Emirates NBD, Dar Global is well-positioned to seize opportunities, drive innovation, and create value in the global real estate market.
The collaboration between Emirates NBD and Dar Global exemplifies the power of strategic partnerships and highlights the importance of strong financial institutions in enabling businesses to achieve their growth objectives. With a shared vision for success and a commitment to excellence, both organizations are poised to make significant contributions to the real estate sector and the overall economy.
